Business
EnGold Taking Closer Look At Large Scale "Scorpio" Porphyry Target at Lac La Hache Property
Vancouver, British Columbia--(Newsfile Corp. - June 10, 2019) - David H. Brett, President ...
About this update from Engold Mines Ltd.
[{"type":"text","content":"EnGold Taking Closer Look At Large Scale \"Scorpio\" Porphyry Target at Lac La Hache PropertyVancouver, British Columbia--(Newsfile Corp. - June 10, 2019) - David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM) (OTC: GWRRF) (\"EnGold\" or the \"Company\") reports that the Company's geological team, in part inspired by recent staking nearby by a major mining company, is reexamining the undrilled, grass-roots Scorpio porphyry-style polymetallic exploration target within the northern part of EnGold's large, 100% owned Lac Hache Project. Initially discovered in 2012, the Scorpio area consists of an approximately 5 km long, 9 square km molybdenum soil anomaly that is coincident with high copper stream sediment anomalies. Recent prospecting has discovered mineralized outcrops of porphyritic intrusive rocks with potassically altered stock-work fracturing containing molybdenum, bornite, chalcopyrite, pyrite, and tungsten-bearing minerals.Prospecting and sampling of the Scorpio Porphyry Target is ongoing. The large Scorpio target was initially defined by very high molybdenum (Mo) values on property-wide, 1200-site Ah-horizon soil geochemical survey conducted in 2012. The survey was reconnaissance in nature, using nominal sample spacing of 500 m. No other areas surveyed produce the high Mo values observed at Scorpio. Chemical analyses of the Ah-soil horizon included 51 elements including copper, gold and silver, but the only other element that correlated positively with the Mo at Scorpio was tungsten (W) and to a lesser degree, silver and potassium. This W correlation within Ah-soils has been demonstrated elsewhere over producing and advanced copper-gold-silver +/- molybdenum porphyry projects (e.g. Mount Milligan, Kwanika, Mount Polley, Woodjam).The number of anomalous sites and overall size of the anomaly at Scorpio is very encouraging. Within a background of 1-2 ppm Mo, Scorpio is defined by 20 sites spaced 500m apart, all exceeding 4-8 ppm Mo, including a linear central high containing values of 12, 19, 44 and 56 ppm Mo. The 20-site anomaly covers 9 square kilometers overlying a well-defined magnetic trend suggesting structural control. \"The area initially became of interest to me when I was still with the Geological Survey of Canada and flying an airborne gamma ray-magnetic survey in the region,\" said EnGold VP o...